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50-Year Landmark Hair Salon – Best in the area -Owner/Founder retiring

Detail information about the listing

FF&E:  100,000

Inventory:  10,000

Growth: 

 

Further Details: Location:    Morris County, NJ

 

Inventory:    Included in asking price

 

Real Estate:    Leased

 

Building SF:    3,620

 

Lease Expiration:    6 1 2026

 

Employees:    2FT, 8PT, 1 IC

 

Furniture, Fixtures, & Equipment (FF&E):    Included in asking price

 

Facilities:    This is a leased location of 3,620 square feet with a Total Monthly Rent of  4,500. Lease ends 2026 with Two 5 year options. Seller is not active in the business with 2 FT employees, 8 PT employees, and 1 Independent Contractor. Hours of operation are 10am – 8pm Monday – Saturday.  10,000 in Inventory and  100,000 in FF&E included in asking price.  75,000 made in Leasehold Improvements.

 

Reason for Selling:    Retirement after 50 years of founding and owning this landmark

 

 

Additional Details

  • State:NJ
  • Asking Price:$175,000
  • Cash Flow:$75,000
  • Established:1979
  • Business Description:50-Year Landmark Hair Salon - Best in the area -Owner/Founder retiring You can OWN this 50 year old icon Landmark with a spectacular reputation as the BEST! You can now OWN this high end Hair salon with the 12 plus chairs that has dominated the area for 50 plus years. Remodeled in 2020 spending over $200,000 to enhance the already most professional, clean and welcoming environment in the area. For more detailed information, please contact listing broker Gregory Carafello at 973-632-2192 or [email protected].
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  • Reason For Leaving:Retirement after 50 years of founding and owning this landmark
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